DMCC Concludes ‘Made For Trade’ Roadshow in London
The Dubai Multi Commodities Centre (DMCC) houses more than 2,000 British companies and they represented about 8% of the total number of firms in the Centre, acting as a conduit to British businesses looking to tap into regional and global markets by setting up a base in Dubai, Ahmed Bin Sulayem, Senior Executive Chairman and Executive Director of the DMCC said.
He was speaking at the concluding session of the eighth edition of DMCC’s “Made For Trade” Live global roadshow in London on Thursday, The event, which showcased Dubai’s unique business environment to companies looking to expand internationally, was attended by several British businessmen from across the UK
Held in partnership with the Arab British Chamber of Commerce (ABCC) and Asia House, the event saw senior DMCC executives brief 150 business leaders from various sectors on the ease of doing business in Dubai through DMCC, one of the world’s most interconnected business districts.
The discussions shed light on opportunities to strengthen bilateral trade relations between the UAE and the UK, considering the ongoing free trade agreement discussions between the two nations’ governments.
Throughout the roadshow, DMCC highlighted Dubai’s resilience to global economic headwinds, its low inflationary environment, and business-friendly policies, which have cemented its reputation as an international business and trade hub.
Spurt in UK-UAE Trade
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said that the total trade in goods and services between the UK and the UAE increased by 56.7% to $23.5 billion in the 12 months leading up to Q3-2022.
“This further highlighted DMCC’s ongoing role as a key strategic partner and why we are home to roughly 40% of British businesses in the UAE. We are back in London and speaking directly to business leaders to showcase the significant potential that DMCC has to offer UK businesses looking to set up in Dubai and trade globally,” he said.
DMCC’s “Made For Trade” Live roadshows play an influential role in showcasing Dubai as a prime destination for business by highlighting its unique value proposition and attracting FDI to the emirate. In Q1-2023, DMCC attracted a record-breaking 708 new companies to its free zone, bringing the total number of businesses in DMCC to nearly 23,000.